Celine names Liu Shishi as new global ambassador (#1685300)
Published December 11, 2024 The house of Celine has named Liu Shishi as its latest global ambassador, the first fresh image for the brand since the arrival of new creative …
Omega
All Rolex Submariner watches ever made are now near a total $50 billion market value
By Bloomberg Published November 13, 2024 The total market value of all Rolex Submariner watches ever made is almost $50 billion, based on analysis of the first-ever release of production …
LVMH’s empty Chinese megastore signals deepening luxury crash
By Bloomberg Published November 4, 2024 When LVMH CEO Bernard Arnault toured China in June last year, he visited a five-story site in Beijing where the company’s top brand Louis Vuitton planned to open …
Swatch CEO says ‘nothing new’ in buyout talk lifting stock
By Bloomberg Published September 27, 2024 Swatch Group AG Chief Executive Officer Nick Hayek said that it’s “pure speculation” that the company is considering going private now, although it’s something …
Wolf hires Lourenço to spearhead American sales
British heritage watch and jewellery accessories brand Wolf is continuing its quest for form an international sales team, hiring Ricardo Lourenço as sales director for the Americas. Wolf With over …
Li Ka-shing’s luxury mall sits empty as Chinese spending plunges
By Bloomberg Published Sep 3, 2024 In Hong Kong’s Tsim Sha Tsui district, the mock-classical 1881 Heritage mall used to lure queues of mainland Chinese tourists eager to shop at …
China’s slowdown is taking a rising toll on European profits
By Bloomberg Published Jul 24, 2024 From luxury brands to car makers, European companies are taking a hit from China’s slowdown, and more trouble is coming for businesses heavily reliant …
Showcasing the best window displays on the Champs-Elysées
Translated by Roberta HERRERA Published Jul 23, 2024 In Paris’s premier shopping avenues, boutiques have adorned themselves in Olympic hues or themes echoing the festive spirit of the upcoming Olympic …
Swiss luxury watch market succumbs to a brutal China-led slump
By Bloomberg Published Jul 16, 2024 Sales of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of …
Swatch Group profit falls on weak China, strong Swiss franc
By Bloomberg Published Jul 15, 2024 Swatch Group AG said sales and profit fell sharply amid a China-led slowdown for luxury watchmakers. Swatch The Swiss watchmaking conglomerate, whose brands include …